Open buy, week 11: stock rebounds 10.5%
Rivian stock jumps 10.5%, bouncing back off its daily EMA20
Our view last week
Rivian stock drops 4% this week as sellers stay firmly in control: on the daily chart buyers account for barely 6.9% of volume, and five of eleven warning signals point to distribution underway. Technical analysis shows the weekly structure is still fragile, below the 200-week average and outside the Ichimoku cloud. The buy signal, now in its 10th week, is still backed by high signal strength — a wide move more than a one-way conviction.
This week's summary
Rivian stock jumps 10.5% this week, a rally that pushes the price back toward the daily EMA20 after a touch in the 15 area and a 14% rebound. Buyers dominate the daily volume too, above 83%. The buy signal is now in its 11th week, backed by a high signal strength of 86 out of 100, and this week's technical analysis confirms the bullish push.
IQS Phase
42
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#11 / 167
US stocks in progress
Trade P&L %
+3.79%
from signal to date, no stop loss
Rank position
ranks 11th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
RIVN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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